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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 2,080 $ 1,499 $ 906
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 408 361 329
Provision for credit losses 4 19 11
Deferred income tax provision (57) 85 15
Stock-based compensation expense 79 97 56
Gain on disposition of joint venture (314) 0 0
Losses (gains) on sale of property, plant and equipment 9 3 (70)
Other, net (63) (81) (39)
Changes in operating assets and liabilities:      
Accounts receivable 81 (455) (63)
Accounts payable and accrued expenses 35 452 73
Income taxes payable (20) 22 29
Termination of interest rate swap agreements 0 40 0
Other assets and liabilities, net (9) (37) (4)
Net cash provided by operating activities 2,233 2,005 1,243
Cash flows from investing activities:      
Business acquisitions, net of cash acquired (331) (330) (58)
Proceeds from disposition of joint venture 755 0 0
Proceeds from disposition of property, plant, and equipment 3 3 91
Capital expenditures (403) (418) (400)
Increase in investments and other assets, net (3) (27) (44)
Net cash provided by (used in) investing activities 21 (772) (411)
Cash flows from financing activities:      
Proceeds from borrowings 0 749 2,281
Repayments of debt (2) (1,554) (1,449)
Purchases of treasury stock (2,199) (325) (353)
Exercise of stock options 129 189 119
Employee payroll tax withholdings on stock issued under stock-based compensation plans (22) (15) (16)
Dividends paid (309) (297) (286)
Distributions to noncontrolling interest partners (99) (58) (54)
Other financing activities, net (38) 44 (17)
Net cash (used in) provided by financing activities (2,540) (1,267) 225
Net change in cash and cash equivalents and restricted cash (286) (34) 1,057
Cash and cash equivalents and restricted cash, beginning of year 1,158 1,192 135
Cash and cash equivalents and restricted cash, end of year $ 872 $ 1,158 $ 1,192